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Cavaliers Waive J.R. Smith

July 15th, 2019 at 4:03pm CST by Luke Adams

4:03pm: Despite their best efforts to find a favorable trade involving Smith, the Cavaliers came up empty and have waived the veteran shooting guard, tweets Shams Charania of The Athletic. Smith, who will receive his $4.37MM partial guarantee from the Cavs, is on track to clear waivers on Wednesday.

8:46am: Barring a last-minute trade, the Cavaliers are expected to waive J.R. Smith today, reports Joe Vardon of The Athletic (Twitter link).

As ESPN’s Bobby Marks details (via Twitter), Smith’s $15.68MM salary for 2019/20 is currently guaranteed for $4.37MM. That partial guarantee would increase to $5.12MM if he remains under contract beyond today. His deal would become fully guaranteed if he’s not waived by July 31.

By cutting Smith today, the Cavs could slip about $2.85MM below the luxury tax line, assuming they stretch his partial guarantee across three seasons, Marks notes (via Twitter).

Smith, who turns 34 in September, hasn’t appeared in an NBA game since last November, having reached an agreement to part ways with the rebuilding Cavaliers. However, Cleveland chose not to release him until now because his contract – signed under the old CBA – had the potential to be used in a trade with a team looking to create cap flexibility.

In an article published in March, we explained the appeal of Smith’s partially guaranteed deal, while also outlining why its value as a trade chip may be limited due to the Cavs’ proximity to the tax threshold for 2019/20.

Smith’s contract was originally scheduled to become fully guaranteed on June 30, but he agreed to push his guarantee deadline back in exchange for a slight increase to his partial guarantee. As we relayed over the weekend, Cleveland still had no luck finding a taker for him on the trade market.

Assuming Smith is officially released today, he’ll clear waivers on Wednesday and will become an unrestricted free agent at that point.

Photo courtesy of USA Today Sports Images.

Cavaliers Notes: Love, Smith, Iguodala, Bolden

July 14th, 2019 at 11:42am CST by Arthur Hill

The Cavaliers aren’t making an effort to deal Kevin Love, according to Chris Fedor of Cleveland.com. On the surface, Love appears to be a prime trade candidate. He’s nearly 31 on a rebuilding team, is coming off toe surgery that limited him to 22 games last season and has a four-year, $120MM extension that’s about to kick in.

However, Cleveland doesn’t view Love’s contract as burdensome. A five-time All-Star, he’s easily the team’s best player if he can stay healthy and provides a positive role model for a young roster. New coach John Beilein wants to keep Love around because he’ll take pressure off his teammates to develop quickly.

Cavs management will listen to offers for Love, but it would take a formidable deal to move him anytime soon. Fedor sees the Heat as a possibility because they are searching for a second star to team with Jimmy Butler and have both young players such as Tyler Herro, Meyers Leonard, Bam Adebayo and Justise Winslow who would interest Cleveland, plus big contracts in James Johnson, Goran Dragic and Dion Waiters to help match Love’s $28.9MM salary. Fedor expects the front office to hold onto Love for a while and reassess its options closer to the trade deadline.

There’s more out of Cleveland, all courtesy of Fedor:

Tomorrow is the new guarantee date for J.R. Smith, but it can be pushed back to August 1 if the Cavs can’t work out a trade. The original date had been June 30, but Smith agreed to an extension last month in exchange for an increase in guaranteed money from $3.9MM to $4.37MM. Smith’s trade value can be counted at the full $15.68MM because he signed his contract before that rule was changed, but Cleveland hasn’t been able to find any takers for the 33-year-old guard. Management has been surprised by the lack of interest in Smith, Fedor adds, believing its offers in salary-dump situations were better than the ones that were accepted. The Cavs have also been “shocked” by some of the bad contracts teams are trying to get them to take.
The Cavaliers tried to obtain Andre Iguodala from the Warriors, and sources tell Fedor they asked for less than the future first-rounder and cash that Memphis received for taking on Iguodala’s $17.1MM contract. However, Golden State wanted to create a large trade exception and saw that as more valuable than the cap relief Smith would have provided. Cleveland was also involved in talks to facilitate the Butler trade by taking Maurice Harkless from the Trail Blazers, but he wound up with the Clippers, who received a 2023 first-rounder from Miami.
Former Duke big man Marques Bolden is receiving strong consideration for a two-way contract. The Cavaliers believe he never got a full chance to display his talents in college and can develop into an effective NBA center. “In college you don’t have space,” said Summer League head coach Antonio Lang. “Here you have space and he can create space if he continues to roll hard. Everything you look for in a big he has, he just has to be more efficient with his footwork and learn the game more. That comes with practice and time. He’s more suited for the NBA game.”

Contract Details: Porter, Rozier, Spurs, Kings, Raptors

July 9th, 2019 at 8:52am CST by Luke Adams

For the first time in several years, a first-round pick has accepted below the standard maximum of 120% of his rookie scale amount, tweets Jeff Siegel of Early Bird Rights. According to Siegel, No. 30 overall pick Kevin Porter Jr. will only earn 80% of his rookie scale amount during his first season and will continue to get less than 120% of the rookie scale amount in years two through four.

The rookie scale amount this year for the No. 30 pick is $1,613,700, so Porter’s expected salary for his rookie season would have been $1,936,440. Instead, he’ll get just $1,290,960, according to Siegel.

While this is just my speculation, it seems likely that the Cavaliers would have checked in with Porter and his agent before drafting him to see if he’d be okay with that reduced first-year salary, given how rare it is. Porter, the final pick in the first round, will still earn significantly more than the rookie minimum of $898K that many early second-rounder selections will receive, while the Cavs, who are up against the luxury-tax line, will put themselves in better position to avoid potential repeater penalties.

Here are more contract details from around the NBA, all courtesy of Siegel unless otherwise indicated:

Terry Rozier‘s three-year, $56.7MM contract with the Hornets has a declining structure (Twitter link). It starts at $19.9MM in 2019/20 before eventually dipping to $17.9MM by 2021/22.
The base value of Rudy Gay‘s two-year deal with the Spurs is $28MM, with $2MM in annual bonuses to bring the potential total value up to $32MM (Twitter link). DeMarre Carroll‘s deal, meanwhile, only has a partial guarantee of $1.35MM in the third year (Twitter link). The Spurs tacked on that third season when they pivoted to acquiring Carroll via sign-and-trade rather than signing him outright.
Trevor Ariza‘s two-year, $25MM contract with the Kings only has a $1.8MM partial guarantee in year two (Twitter link). Meanwhile, Sacramento’s deal with Dewayne Dedmon has a base value of $40MM over three years, with $300K in annual incentives (Twitter link).
Blake Murphy of The Athletic provides details on a pair of Raptors contracts, tweeting that Patrick McCaw‘s new two-year deal is worth $8MM, while Matt Thomas‘ three-year, minimum-salary contract is non-guaranteed in year three. Both of those deals will come out of Toronto’s mid-level exception — Stanley Johnson‘s might too, though if the team has plans in mind for the rest of the $4.36MM on its MLE, Johnson could be signed using the bi-annual exception instead, notes Murphy.

Hawks, Cavs, Nuggets Quiet So Far In Free Agency

July 5th, 2019 at 2:26pm CST by Luke Adams

As our 2019 NBA Free Agent Tracker shows, 27 of the league’s 30 teams have reached an agreement on a standard NBA contract with at least one player. Not every one of those clubs has made a huge splash, but they’ve been involved in free agency to some extent.

That leaves just three teams that have stayed out of the proceedings so far: Atlanta, Cleveland, and Denver. Two of those teams (the Hawks and Cavaliers) have at least signed an undrafted rookie to a two-way contract, but none have reached an agreement to add an NBA free agent on a standard deal.

The Hawks‘ inactivity on the free agent market so far is unsurprising. When he looked ahead to the free agent period more than two months ago, general manager Travis Schlenk predicted that the team would be patient, waiting to see which players slipped through the cracks after the first wave of signings.

Atlanta has used some its cap room to absorb salary (Allen Crabbe), but still has up to about $14MM in space available, per Jeff Siegel of Early Bird Rights. Given Schlenk’s fondness for taking on unwanted contracts, we’ll see if he goes that route to use the rest of the Hawks’ space, or if the team has its eye on any remaining free agents. For what it’s worth, the deal that will send Miles Plumlee and Solomon Hill to Memphs for Chandler Parsons will open up an extra roster spot for Atlanta.

As for the Cavaliers, their cap situation makes it difficult for them to be too aggressive in free agency. Even if they waive J.R. Smith‘s non-guaranteed contract, they’re still right up against the tax line. A couple years ago, that wouldn’t have stopped them from adding another free agent or two, but ownership won’t want to risk repeater-tax penalties for the current roster.

If the Cavs waive and stretch a veteran, their mid-level exception could be in play, but for now I don’t expect them to be throwing any money at free agents.

Finally, the Nuggets essentially made their big free agency move when they decided to exercise Paul Millsap‘s $30MM+ team option for 2019/20. Denver still has enough wiggle room below the luxury-tax line to use its mid-level exception, though Trey Lyles remains a wild card. Lyles is a restricted free agent with a $4.5MM qualifying offer, and the Nuggets may ultimately have to choose between retaining him and using their full mid-level, assuming they want to stay below the tax.

Still, the Nuggets should have enough room to add a lower-cost free agent or two if they want to. A Denver Post report last weekend suggested the team would be on the lookout for a combo guard, a wing defender, and/or another big man.

Photo courtesy of USA Today Sports Images.

Free Agent Rumors: Holiday, Cousins, Burke, More

July 4th, 2019 at 3:58pm CST by Luke Adams

Free agent swingman Justin Holiday has received interest from the Lakers, Clippers, Bulls, Raptors, Pacers, Wizards, Hornets, and Cavaliers, league sources tell Michael Scotto of The Athletic (Twitter link).

Given how quickly most of the top players came off the market, Holiday represents one of the more intriguing options available, given his ability to knock down three-pointers (1.8 3PG on 35.4% shooting over the last three years) and defend on the perimeter.

According to Scotto, the Grizzlies are open to the idea of accommodating a sign-and-trade deal involving Holiday, so a team with interest in him could potentially acquire him using a trade exception if it doesn’t want to cut into its mid-level.

Here’s more on a few NBA free agents:

Wizards interim head of basketball operations Tommy Sheppard briefly spoke with free agent big man DeMarcus Cousins in Las Vegas, according to Candace Buckner of The Washington Post (Twitter link). A previous report indicated there was virtually no chance of Cousins signing with Washington, and Buckner cautions that the conversation was described as small talk, but she still refers to it as an “interesting development.”
The Lakers are in the mix for free agent point guard Trey Burke, according to Marc Berman of The New York Post (Twitter link). Los Angeles still has plenty of roster spots to fill, so it’s not clear how high Burke is on the team’s wish list.
Veteran NBA big man Darrell Arthur, who sat out last season after being waived by Phoenix in October, is considering a comeback and is open to continuing his career overseas, tweets Emiliano Carchia of Sportando.
ESPN’s Tim MacMahon, Marc J. Spears, and Ohm Youngmisuk spoke to coaches, scouts, and executives at the Utah and California Summer Leagues to get their thoughts on free agency so far. Among the highlights: McMahon writes that a number of rival executives and scouts believe the Rockets dodged a bullet by not landing Jimmy Butler.
The Suns have formally renounced their free agent rights to several players, including Dragan Bender, Jamal Crawford, Jimmer Fredette, and Ray Spalding, per RealGM’s transactions log.

Windhorst’s Latest: Beal, Teague, Dragic, Covington, More

July 4th, 2019 at 11:07am CST by Luke Adams

After a star-studded group of free agents hit the open market this summer, 2020’s free agent class isn’t expected to nearly as impressive, so front offices expect trades to “take center stage” over the next year, writes ESPN’s Brian Windhorst.

According to Windhorst, Bradley Beal‘s name is the one that keeps coming up when executives around the NBA discuss potential trade candidates, since the Wizards are facing a possible rebuilding – or at least retooling – process. However, sources tell Windhorst that Washington’s front office continues to resist inquiries on its All-Star shooting guard.

Here’s more from Windhorst’s article about possible trade targets from around the league:

Jeff Teague (Timberwolves) and Goran Dragic (Heat), two veteran point guards on expiring $19MM contracts, were recently discussed in possible deals, Windhorst confirms. Since Minnesota missed out on D’Angelo Russell and Miami found another way to complete its Jimmy Butler sign-and-trade, Teague and Dragic may end up staying put. Neither the Wolves nor the Heat are especially deep at the point guard spot, so if either club deals its veteran guard, it would need to line up another option at the position, Windhorst notes.
The Timberwolves were dangling Robert Covington in an effort to move up in the draft, but eventually dealt Dario Saric instead. Still, league executives wouldn’t be surprised if Covington is back on the trade market at some point in 2019/20, says Windhorst.
Windhorst is skeptical that the Grizzlies will be able to get a real asset in return for Andre Iguodala, suggesting that Memphis’ efforts to trade him may still eventually lead to a buyout.
The Cavaliers will likely try to move Tristan Thompson or John Henson by the trade deadline, according to Windhorst. Both big men are on expiring deals, with Thompson owed $18.5MM while Henson will make $10.5MM.

Cavaliers Sign Kevin Porter Jr.

July 3rd, 2019 at 7:19pm CST by Arthur Hill

The Cavaliers now have all three of their first-round picks under contract with today’s signing of Kevin Porter Jr. following yesterday’s deals for Darius Garland and Dylan Windler. The team formerly announced all three moves in a press release.

Porter, the final player selected in the first round, had a roundabout journey to Cleveland, being taken by the Bucks and dealt to the Pistons on draft night. Detroit moved his draft rights to the Cavs in a June 26 deal. No terms were released for Porter’s contract, but he is eligible to earn $1,936,440, $2,033,160 and $2,130,240 in his first three NBA seasons.

Porter spent one season at USC, averaging 9.5 points and 4.0 rebounds in about 22 minutes per game. He ranked sixth in the Pac 12 in 3-point shooting percentage at .412%.

Free Agency Notes: Durant, Knicks, Cousins

July 3rd, 2019 at 2:41pm CST by ChrisCrouse

Kevin Durant‘s decision to go to the Nets was not an easy one to make. Golden State, New York, and Brooklyn were reportedly in contention, but it’s beginning to sound like the two Atlantic Division teams were always the frontrunners, as Mark Berman of The New York Post writes.

There were people in Durant’s camp that wanted him to go to the Knicks, according to Jay Williams (former NBA player and friend of Durant’s). Williams also said that the Knicks trading away Kristaps Porzingis was not a factor in KD’s decision.

Here’s more from around the league:

There’s pretty much no chance that the Wizards add DeMarcus Cousins, The Athletic’s Fred Katz writes. Washington brought back Thomas Bryant in free agency and the team is committed to developing him.
Tim Bontemps of ESPN.com examines the Knicks strategy this offseason and makes the case that they made the moves possible given that no stars were coming in free agency. New York will have cap flexibility next summer and the team will likely get one more chance to land a top pick in the lottery.
The Cavaliers didn’t have the flexibility to make major free-agent signings this offseason, but next summer, the team projects to have the ability to make a big splash, Joe Vardon of The Athletic relays. Cleveland will have upwards of $55MM in cap room, assuming they don’t add any long-term salary before then.

Cavs Sign Dean Wade To Two-Way Contract

July 2nd, 2019 at 2:40pm CST by Luke Adams

JULY 2: The Cavaliers have formally signed Wade to his two-way deal, per RealGM’s log of official NBA transactions.

JUNE 21: The Cavaliers have reached an agreement to sign undrafted rookie free agent Dean Wade to a two-way contract, reports Chris Haynes of Yahoo Sports (via Twitter).

Wade, a 6’10” forward, has the ability to stretch the floor, having knocked down 38.6% of his three-point attempts over the course of four college seasons. The Kansas State standout recorded 12.9 PPG, 6.2 RPG, and 2.8 APG in 25 games during his senior year.

A foot injury sidelined Wade at the end of his college career, keeping him out of action for the Big 12 and NCAA tournaments. However, he recently told Bryan Kalbrosky of HoopsHype that he’s “100% healthy.”

The Cavaliers have also agreed to a deal with Duke big man Marques Bolden, a source tells Alex Kennedy of HoopsHype (Twitter link). Kennedy’s tweet doesn’t offer any further details, so it’s not entirely clear if Bolden is just joining Cleveland for Summer League or if he’ll get a spot on the team’s 20-man offseason roster.

Bolden played a part-time role for the Blue Devils in 2018/19, averaging 5.3 PPG, 4.5 RPG, and 1.7 BPG in 35 games (19.0 MPG) as a junior.

Cavaliers Sign Darius Garland, Dylan Windler

July 2nd, 2019 at 10:24am CST by Arthur Hill

Both of Cleveland’s first-round picks have signed their rookie contracts, according to the NBA’s transactions log. The Cavaliers inked Vanderbilt guard Darius Garland, who was taken with the fifth pick, and Belmont forward Dylan Windler, who was selected at No. 26.

Garland was considered one of the nation’s top point guards, even though an injury limited him to five games in college. The freshman averaged 16.2 points and 2.6 assists in limited play, but displayed an impressive shooting range that should make him a valuable weapon in the NBA.

Windler spent four years at Belmont and became one of the top players in the Ohio Valley Conference. He averaged 21.6 points, 10.9 rebounds and 2.5 assists per game as a senior and helped the Bruins reach the NCAA Tournament.

Under the rookie scale, Garland can receive $6.4MM in his first year and $6.72MM and $7.04MM in the next two seasons. Windler is slotted at $2.035MM for 2019/20 and $2.137MM and $2.239 for the subsequent two years.